British soil froze $7 billion in assets believed to be linked to Roman Abramovich.

In an email, Mr Tenenbaum said he had recently resigned as director of Matterhorn and Bradfield. He added, “It’s with the lawyers. So I can’t comment.”

Last week, authorities in the Cayman Islands, a British territory in the Caribbean, said financial service providers there had frozen $7.3 billion in assets owned by Russians who had been sanctioned.

Cayman Islands officials have not revealed who the assets belong to, but the islands have long been a hub for offshore fund operations run by US hedge funds and private equity firms. The New York Times reports that Mr. Abramovich is believed to have invested several billion dollars in hedge funds and real estate-oriented private companies in the United States.

Concord Management, a small investment advisory firm in Tarrytown, New York, played a key role in arranging Mr. Abramovich’s hedge fund and private equity investments. The company, however, said it has recommended funds but does not manage the funds directly for clients. It is believed that Concord, over the past two decades, has helped arrange investments for Mr. Abramovich in dozens of hedge funds and real estate-oriented private equity firms.

The financial pressure exerted on him, however, does not come from officials in the United States. Although British officials had imposed sanctions on Mr. Abramovich, the United States did not do so in part because he acted as a mediator in negotiations between Ukraine and Russia. Procedures in Jersey and the Cayman Islands – both from the British territory – reflect the important role played by these areas in the management of the wealth of the oligarchy.

Matterhorn Capital has been linked to Mr. Abramovich about two decades ago, with a corporate structure that points to the chain of shell companies that wealthy Russians have used to hide their ownership and complicate authorities’ efforts to track their assets.

Originally incorporated in the Cayman Islands in 1999, the Matterhorn was incorporated into the British Virgin Islands in 2002. A year earlier, the Matterhorn was moved again and incorporated into Jersey. There are records show that along with Mr. Tennenbaum, two business officials from Zedra, a global corporate services company, as directors of the company Matterhorn. A spokesman for Zedra, which has an office in Jersey, declined to comment.

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